- Lagrange price skyrocketed by over 80% after South Korea’s largest crypto exchange, Upbit, announced trading support.
- Upbit also listed Lombard, a Bitcoin DeFi protocol.
- Both BARD and LA tokens pared gains amid rising profit-taking.
Lagrange (LA), a zero-knowledge (ZK) infrastructure project, saw its price skyrocket by more than 80% following a listing announcement by Upbit, South Korea’s leading cryptocurrency exchange.
As Upbit’s move sparked widespread interest, LA price reached intraday highs of $0.64 and ranked among the top gainers as it outpaced the likes of Wormhole, EigenLayer and Pudgy Penguins.
Lombard, another token landing on Upbit, witnessed a sharp spike before swiftly paring gains amid profit-taking.
Lagrange price soars 80% after Upbit listing announcement
As noted, upward momentum for Lagrange gained traction with the announcement of its listing on Upbit.
In an update, Upbit said it would list LA for spot trading against the Korean won, with the BARD/KRW pair available at 19:30 pm local time on Sept. 18.
Following the news, LA’s price spiked by more than 80%, pushing the token’s value to highs of $0.64.
LA price had hovered at lows of $0.35 prior to Upbit’s announcement.
The price surge aligns with historical trends that have seen newly listed tokens, particularly on major exchanges like Upbit, go parabolic amid significant volatility.
Upbit also lists the Bitcoin DeFi platform Lombard
South Korea’s Upbit has also expanded its list of supported cryptocurrencies with the listing of Lombard (BARD).
The exchange announced trading support for the native token of the Bitcoin DeFi platform on Thursday, adding trading pairs for BTC and Korean won.
Upbit’s listing of BARD adds to the growing number of tokens that have found traction on the leading crypto exchange in South Korea.
Investors interested in leveraging Bitcoin’s stability for DeFi applications will fancy Lombard, which aims to bring Bitcoin-based capital markets on-chain, and rallied amid a confluence of other factors too.
BARD and LA price outlook
Lagrange’s zero-knowledge proof generation platform has attracted support from global giants such as Nvidia, ZKSync developer Matter Labs and Polygon.
Meanwhile, Lombard is a project looking to tap into Bitcoin’s growing DeFi ecosystem. Analysts note that both tokens are riding exchange momentum.
Nonetheless, volatility may engulf both before a steadier growth trajectory emerges.
As of writing, LA traded around $0.48, sharply paring gains amid a staggering 1,120% spike in daily trading volume.
BARD meanwhile hovered around $1.08, again having sharply retreated from its intraday peak of $1.61.
Analysts expect the buzz around these tokens will cool off and likely add to downward pressure.
However, the overall broader market sentiment is bullish.
As such, holding key levels at $0.40 and $1 could be key to LA and BARD’s short term price outlook.
